Griffis Residential Investment Advisor (Greenwood Village)

Name: Griffis Residential Investment Advisor
Address: 6400 S. Fiddler's Green Circle, Greenwood Village, CO, 80111
Telephone: 303- 268-2121

Griffis Residential Investment Advisor is a large advisory firm based in Greenwood Village. It manages $1.03 billion of regulatory assets for 29 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Colorado.

Griffis Residential Investment Advisor provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Griffis Residential Investment Advisor: assets under management

The assets under management (AUM) of Griffis Residential Investment Advisor is $1.03 billion. The firm's AUM has grown by 115% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $814.24 million in discretionary accounts and $216.73 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $54.28 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $15.48 million.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Griffis Residential Investment Advisor for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Griffis Residential Investment Advisor serves?

The only and largest group of clients of Griffis Residential Investment Advisor is pooled investment vehicles with 29 clients and $1.03 billion of assets under management. Among the 10 most similar advisory firms, Griffis Residential Investment Advisor has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.03 billion for 29 clients. None of the firm’s clients are foreign persons or businesses.

Griffis Residential Investment Advisor also advises several private funds. Namely, thirteen real estate funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $500,000.

Careers at Griffis Residential Investment Advisor

The company employs 23 people that are either part- or full-time employees. 61 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Tgt	Member	1 Jan 2005	Other	26-1649078
Ian Christopher Griffis	Managing director and chairman	1 Nov 2012	Other	6144485
David Michael Birnbaum	Managing director, chief executive officer, chief compliance officer	1 Nov 2012	Other	6144487
Thomas Shane Barta	Chief operating officer	1 Nov 2012	Other	6144489
Donna Lynn Brown	Vice president of finance	1 Nov 2012	Other	6144490
Inc. New Century Investment Company	Member	1 Nov 2012	25% - 50%	20-2572269
Inc. Griffis Investment Company	Member	1 Nov 2012	50% - 75%	84-1234432
Inc. Tgt	Member	1 Nov 2012	Other	26-1649078
Llc Griffis Group Of Companies	Member	1 Nov 2012	75% - 100%	43-2069525
Brian Howard Shuman	Chief financial officer, chief compliance officer	1 Nov 2012	Other	4592756
Christopher Carroll Souther	Chief financial officer	1 Jul 2016	Other	6690879

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ian Christopher Griffis	Owner	1 Oct 1997	75% - 100%	6144485
Inc. Griffis Investment Company	Member	1 Jan 2005	50% - 75%	84-1434432
Inc. New Century Investment Company	Member	1 Jan 2005	25% - 50%	20-2572269
Thomas Shane Barta	Tgt, inc.	1 Jan 2005	25% - 50%	6144489
David Michael Birnbaum	Owner	1 Mar 2005	75% - 100%	6144487
Thomas Shane Barta	Owner	1 Dec 2007	25% - 50%	6144489

Based in Greenwood Village

The principal office where Griffis Residential Investment Advisor performs its advisory services is located at 6400 S. Fiddler's Green Circle, Greenwood Village, CO 80111, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303- 268-2121 or by fax 720-524-5700. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at griffisresidential.com.